Vancouver home sales fall nearly 20 per cent in May as inventory continues to climb

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VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new properties continued to hit the market.

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new properties continued to hit the market.

That came as the number of Metro Vancouver homes listed for sale rose 46.3 per cent year-over-year to 13,600, which is nearly one-fifth higher than the 10-year seasonal average.

 

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